Chinese SOEs kick-off Q2 dim sum issuance

The Export-Import Bank of China Chexim, a Chinese state policy bank, and Sinochem, a large mainland conglomerate, have issued dim sum bonds, kicking off second-quarter issuance.

Chexim is selling three-tranche notes with tenors of 2, 5 and 10 years to fund Renminbi-denominated export credits extended by the issuer and for general purposes, while Sinochem is offering three-year tenor bonds.